How Kone took a central grip on its liquidity

VIDEO | “We had the goal to centralise all the liquidity management – and we exceeded all expectations,” said Kone’s Lauri Miettinen as he spoke at November’s Treasury 360° Helsinki conference.

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With more than 500 bank accounts in dozens of currencies, across 60 countries, it can be a challenge to get on top of all the liquidity management. At Finland’s global lift producer Kone, this challenge is one that its treasury team decided to tackle – as part of a broad finance-function transformation that started three years ago.

“We are especially very proud that today we are able to manage the liquidity and investments in restricted countries such as India and China from the treasury in Finland,” says Lauri Miettinen, Trader, FX & Liquidity, KONE. In Helsinki, he was interviewed on stage by Nomentia’s Tapani Oksala.

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• News from the 16 November Treasury 360° Helsinki 2021 conference is gathered here.
• Find the agenda and sponsors here.
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